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4706 Cottage Grove Rd,  Madison,  WI  53716 $975,000 Sold
4706 Cottage Grove Rd,  Madison,  WI  53716
$975,000
Sold
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 Property Type Business/Commercial
 Parcel # 0710-102-1316-5
 County Dane
 Sub Area E11
 Municipality Madison
 MLS# 1852729
 Listing Date 03/25/2019
 Sold Price $950,000
 Close Date 08/15/2019 12:00 AM

MLS Public Remarks  Office building with great visibility on Cottage Grove Road. Great east side location offers tenants easy access to Stoughton Road and Hwy 30, plus it is on the bus line. Building has three units with tenant in the smallest unit vacating July 31. Unit 3 is currently listed for lease separately. Fantastic metrics with GRM at 6.5. Solid tenants!
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  Stoughton Road To Cottage Grove Road East.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $18
  • Total Units/Bldg  3
  • Building Gross SqFt  8,940
  • Net Leasable SqFt  8,940
  • Year Built  1994
  • Source for Year Built  PubR
  • Approx Bldg Dimen  1x1
  • Street Frontage  193
  • Parking Fees/Mo.  $0
  • Onsite Parking  yes
  • # of Stories  2
  • Ceiling Height Min  1
  • Ceiling Height Max  1
  • Number of Loading Docks  0
  • Zoning  CC-T
  • Est. Total Acres  0.63
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $121,000
  • Assessment Year  0
  • Net Taxes  $21,317
  • Tax Year  2018
  • Improvements  $829,000
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Gross 7/31/20 Yes $49,556 $18 $0 2,822
    2 Modified G 5/31/24 Yes $87,422 $17 $0 5,115
    3 Gross 7/31/19 No $12,144 $19 $0 652
    Items Included None
    Items Excluded  Tenant's property, Owner's property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Slab/None
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Office
  • Exterior Treatment  
  • Building Parking  11-20 spaces, Onsite, Paved
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Free standing, Shopping center
  • Tenant Pays  Janitorial
  • Present Use  Office
  • Licenses  
  • Lease Type  Gross
  • Occupied by  
  • Sale Includes  N/A
  • Features  Passenger elevator, Private Restrooms, Private office(s), Reception area, Shared Restrooms, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of First Weber Inc